UN Agricultural Development Agency to Loan Nearly US$44 million to China to Finance Project in Hubei

The International Fund for Agricultural Development (IFAD) will provide a loan of US$43.8 million to the People’s Republic of China to finance the Shiyan Smallholder Agribusiness Development Project in Hubei Province. Of the total project cost of US$116.9 million, US$20.14 million will come from the Hubei provincial government, US$28.5 million from partner banks and US$ 24.46 million will be the contribution of beneficiaries by way of in-kind labour for operation and maintenance of infrastructure…Full Article: AllAfrica Jan 2014